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Irish Ferries owner ICG reports higher sales for third quarter

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Irish Continental

Irish Continental

Irish Continental

REVENUES at Irish Continental Group (ICG) grew over 10pc in the three months to end September, the company said today.

The Irish Ferries owner added that earnings before interest, tax, depreciation and appreciation (EBITDA) were up to €28.1m, compared with €26.9m in the same quarter in 2013.

Operating profit in the quarter was €23.8m, up from €22.3m in the same period in 2013.

"Summer trading has been encouraging across most business areas, with volume and revenue growth in the passenger, car and Roll on Roll Off (RoRo) segments, partially offset by weaker container freight volumes," the company said.

"Fuel costs in the quarter were €14.3m due to the additional sailings of the Epsilon, partially offset by lower fuel prices."

Online Editors